The cost of construction was $7 million. For this project, 60% of the facility will be used for prototype testing, and 40% of the facility will be used for storage of prototype materials. At the conclusion of the project, the facility will be used for manufacturing operations for the remainder of its estimated useful life. The costs incurred should be allocated, with 60% of the total cost capitalized and the remaining 40% expensed over the period of construction. Choose an option below: [Original Text] The costs incurred should be allocated, with 60% of the total cost capitalized and the remaining 40% expensed over the period of construction. [Delete Text] The costs incurred should be capitalized and depreciated over the estimated useful life of the facility, with depreciation included in R\&D expense until the project is complete. The costs incurred should be expensed over the period of construction. The costs incurred should be allocated, with 40% of the total cost